Entry at 50% fibonacci retracement
level, while hitting our 200 sma
. In an oversold position, at the end of a pattern move. Stoploss just above weekly pivot point
restiance and 200 sma
. Look left for price behavior arrows, and conformation. When hitting target1 I will take 80% of the profit and let rest of the 20% in the trade still, because this could also be a good position trade.